PSX · SUGAR & ALLIED INDUSTRIES · 1 Hour
ADAMS Head & Shoulders breakdown
Adam Sugar Mills Limited · 23 Oct 2026 · 09:30 PKT
▼ Bearish Breakout Pattern breakout Against the trend
Closed at 64.50 on the breakout. Target 55.94, invalidation 69.90.
Trade plan
● Active- Close
- 64.50
- ▼ 3.59%
- Target
- 55.94
- -13.3%
- Invalidation
- 69.90
- +8.4%
RiskReward
- Reward : risk
- 1.6 : 1
- ATR
- 1.26
- Price now
- 65.50 +1.6%
Outcome measured on the 1 hour bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 1 Hour candles · click to enlarge
The breakdown
ADAMS broke below its head & shoulders on the hourly close at 64.50.
Projected target 55.94 (-13.3%). The pattern is invalidated beyond 69.90 (+8.4%), a reward-to-risk of about 1.6 : 1.
Structure: bullish external, bearish internal (strong low 57.25). Nearest supply OB 77.80 - 81.80.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 64.50.
- 2 The target, 55.94 (-13.3%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 69.90 (+8.4%), cancels the setup.
- 4 Reward : risk is 1.6 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: against the trend.
Pattern guide
About the head and shoulders
A head and shoulders is a topping pattern: three peaks with the middle one highest, resting on a "neckline" whose break often ends an uptrend.
- Confirmation
- A close below the neckline.
- Target
- The height from the head to the neckline, projected down from the break.
- Fails if
- A close back above the right shoulder or the neckline.